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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is declining to comment on whether smart contract platform Ethereum (ETH<\/a>) counts as a security or a commodity.<\/p>\n In a new interview with Bloomberg Television, Gensler says<\/a> he does not want to answer questions about Ethereum\u2019s classification as an asset amid anticipation of the regulatory agency\u2019s decision on spot market ETH exchange-traded fund (ETF) applications.<\/p>\n \u201cAny one of these crypto tokens is about the facts and circumstances as to whether the investing public is anticipating a profit based on the efforts of others, but we do have fillings in front of us. I\u2019m not going to comment.\u201d <\/em><\/p>\n Gensler says that cryptocurrencies are a highly speculative asset class, citing the volatility of Bitcoin (BTC<\/a>) during the last few days.<\/p>\n \u201cI grew up loving roller coasters. Maybe in my adult years, I don\u2019t ride them as much, but you really should be conscious as the investing public that this is a bit of a roller coaster ride on these volatile assets. <\/em><\/p>\n The question is how firm is the foundation of that? You get to the top of that hill. How is the foundation underneath it, their cash flows or what\u2019s the use case for thousands of these tokens?\u201d<\/em><\/p>\n The SEC Chair goes on to reiterate that there are some contexts where digital assets can be considered securities. He says a defining factor is what an investor expects from the asset when purchasing it.<\/p>\n \u201cThere\u2019s about 15,000 or 20,000 [digital assets]. They also may be securities because the investing public is relying on the efforts of some group of entrepreneurs in the middle of these products.\u201d <\/em><\/p>\n The SEC greenlighted 11 applications for spot Bitcoin ETFs in January. The agency could decide<\/a> on spot market ETH ETF bids sometime in May.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is declining to comment on whether smart contract platform Ethereum (ETH) counts as a security or a commodity. In a new interview with Bloomberg Television, Gensler says he does not want to answer questions about Ethereum\u2019s classification as an asset amid anticipation of the regulatory agency\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":261675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-261674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=261674"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261674\/revisions"}],"predecessor-version":[{"id":261677,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261674\/revisions\/261677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/261675"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=261674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=261674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=261674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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